As NYSE moves toward overnight trading, can one ATS keep its lead?
An innovative approach to market data has helped Blue Ocean ATS become a back-end success story. But now it must contend with industry giants angling to take a piece of its pie.
In New York City, the stock exchanges may be the last businesses that don’t stay open all night. But after the New York Stock Exchange announced in October plans to extend its trading hours on its electronic exchange, NYSE Arca, that might change. The flow of market data will have to change, too.
Until apparently recently, the late-night equities scene seemed like a difficult business for an exchange to break into. Interest in 24-hour trading has jumped in recent years, buoyed by demand from
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